Economy

In light of the media reports circulating the sale of the United Bank, the Central Bank of Egypt (CBE) strongly rejects the allegations about the start of the due diligence …

Egypt has successfully secured a significant deal worth USD 500 million (EGP 15.4 bln) with the esteemed Abu Dhabi Exports Office (ADEX) to support its vital wheat imports over the …

President Abdel Fattah El-Sisi extended Hassan Abdullah’s term as acting governor of the Central Bank of Egypt (CBE) for another year. This was announced in a presidential decree published in …

The International Finance Corporation (IFC) has just gained the Egyptian Cabinet’s approval to start issuing bonds in Egyptian pounds in foreign markets. The IFC’s issuance of bonds in the local …

According to a statement by the Information and Decision Support Center of the Cabinet (IDSC), Egypt’s net direct foreign investment significantly increased in 2022. UNCTAD released a 2023 global investment …

Local media sources stated that Golden Coast Company, a subsidiary of Golden Pyramids Plaza is considering and studying the possibility of releasing its first green sukuk (Islamic bond) in Egypt. …

Egypt’s Minister of International Cooperation, Dr. Rania Al Mashat, took part in several activities planned by the United Arab Emirates in the run-up to COP28. She spoke on a panel …

The Information Technology Industry Development Agency (ITIDA) and the German Agency for International Cooperation (GIZ) signed a memorandum of understanding (MOU) under which the two organizations will focus on enhancing …

On Tuesday, the Central Bank of Egypt (CBE) held an auction for treasury bills and bonds worth EGP 86.25 billion ($2.8 billion) as per the bank’s website. The auction included …

Misr Life Insurance and the National Bank of Egypt (NBE) jointly launched Maash Bokra “Future Pension,” the first USD pension certificates for Egyptians working overseas.  The certificates are available to …